Warren Buffett's Berkshire Hathaway Inc. will buy Occidental Petroleum Corp.'s petrochemical business for about $9.7 billion in cash in a transaction expected to close in the fourth quarter. Matthew P
Reports of Intel (INTC) seeking AMD Inc. (AMD) as a foundry customer has ignited sharp trading action in both stocks Thursday morning. Diane King Hall notes that it's sparking rallies in other A.I.
Berkshire's announcement does not mention Buffett, marking an apparent signal of the firm's leadership transition to Greg Abel, whom Buffett said in May would assume Berkshire's chief executive role.
Vicki Hollub, Occidental Petroleum CEO, joins 'Squawk Box' to discuss Berkshire Hathaway's $9.7 billion deal to acquire the company's chemical business OxyChem, what the company plans to do with $9.7B
Warren Buffett's Berkshire Hathaway said Thursday it will acquire Occidental Petroleum's chemical business, OxyChem, for $9.7 billion in cash, marking its largest takeover since the $11.6 billion purc
Warren Buffett may be signing off as CEO, but not before inking his largest deal in years. Berkshire Hathaway Inc (NYSE:BRK.A) is buying Occidental Petroleum Corp's (NYSE:OXY) chemical unit, OxyChem,
CNBC's Becky Quick reports on the latest news.
Berkshire will acquire the chemical business in an all-cash transaction.
Occidental Petroleum said on Thursday it would sell its petrochemical division to Warren Buffett's Berkshire Hathaway for $9.7 billion, as the U.S. oil and gas producer looks to pare debt.
Warren Buffett is staying active even as he gets ready to hand over the CEO reins at the end of this year.
Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.B) is nearing an agreement to buy OxyChem, a division of Occidental Petroleum Corp (NYSE:OXY), for about $10 billion, The Wall Street Journal rep
Berkshire Hathaway (BRK.A, BRK.B) is reportedly close to a $10 billion deal to buy the petrochemical division of Occidental Petroleum (OXY), in what would be the largest deal by Warren Buffett's cong
CNBC's Becky Quick reports on the latest news.
For the better part of six decades, Berkshire Hathaway (BRK.A 0.65%) (BRK.B 0.71%) CEO Warren Buffett has been crushing Wall Street's benchmark index, the S&P 500, in the return column. As of midday o
Berkshire is in talks to buy Occidental's chemicals business for $10 billion. A deal would come as a surprise for markets, analysts say.
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